This content is from: Innovation

Rapid Addition To Offer Trading Software

Rapid Addition has signed an agreement to supply Raymond James with software to monitor trading.

Rapid Addition has signed an agreement to supply Raymond James with software to monitor trading, Financial Times reports. The U.K. trading technology company will report over-the-counter secondary market transactions in credit markets to the U.S. Financial Industry Regulatory Authority.

The U.S. broker dealer will deploy the RA-ShortCut FIX for sending and receiving FIX messages and to transform them between other protocols, adds Fundamentals. The solution allows financial institutions to benefit from decreased risk, manage the cost of automation and achieve straight-through processing.

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